georgie18
2 months ago
BW...$1.62...on earnings...🥳Babcock & Wilcox Enterprises Reports Second Quarter 2024 Results, Earnings Growth Driven By Strong Operating Performance
Revenue of $233.6 million, Net Income of $25.4 million, and Operating Income of $42.2 million, which exceeded expectations
Adjusted EBITDA of $23.3 million, $24.6 million excluding BrightLoopTM and ClimateBrightTM expenses, ahead of expectations
Reiterate Full Year 2024 Adjusted EBITDA target range of $105.0 million to $115.0 million, excluding BrightLoop and ClimateBright expenses
Improved balance sheet and liquidity through sale of B&W's Denmark renewable service subsidiary for net cash proceeds of $83.5 million
Announced backlog of $472.4 million and implied backlog of $757.8 million in project opportunities
Announced total YTD bookings of $383.1 million and implied bookings of $668.5 million, a 71% increase compared to the first half of 2023
Achieved annualized cost savings of approximately $25.0 million to date related to strategic business realignment progressing toward stated target of over $30.0 million
Q2 2024 Continuing Operations Financial Highlights
georgie18
Member Level
Re: None
Friday, August 02, 2024 9:30:13 AM
Post#
256
of 259
BW...$1.25...Bottom Chart...🥳...AKRON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox (B&W) (NYSE: BW) announced today that Babcock & Wilcox Construction Co., LLC (BWCC) has been awarded a $25 million contract for boiler upgrades, pressure part replacements and other outage and maintenance services at a U.S. thermal power plant.
BWCC will execute the work during the plantβs Fall 2024 outage.
crudeoil24
3 years ago
BW > Solid earnings + Babcock & Wilcox (B&W) (NYSE:BW) announced that its B&W Environmental segment has been awarded a contract for approximately $5 million to supply a SPIG S.p.A. cooling system for a petrochemical facility in the Middle East.
The cooling tower will be used to provide cooling for propane dehydrogenation and polypropylene production equipment while reducing environmental impact by conserving water and reducing liquid discharge.
βWe are seeing tremendous opportunity to grow B&Wβs business in the Middle East,β said Jimmy Morgan, B&W Chief Operating Officer. βThere is substantial demand for environmental technologies, products and services for industrial plants, particularly in the petrochemical sector, and technologies for renewable energy generation such as waste-to-energy. Weβre actively looking to continue to expand B&Wβs business in this region.β
Some benefits of B&W Environmentalβs SPIG cooling tower technology include lower water consumption, reduced plume formation, and decreased noise emissions.
whytestocks
5 years ago
News: $BW B&W Names Bob McKinney Senior Vice President, General Counsel and Corporate Secretary
Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE:BW) has appointed Robert (Bob) McKinney as Senior Vice President, General Counsel and Corporate Secretary, effective August 5, 2019. He joined the Company in 2015 and has served as Vice Presi...
Got this from B&W Names Bob McKinney Senior Vice President, General Counsel and Corporate Secretary
420man
5 years ago
So, BW wants current shareholders to pony up $50,000,000 via an rights offering of 166,666,667 @ .30 even after the stock has lost over 80% of its value within the past year?! NO THANKS!
"Gee, I know you've lost a lot of $ investing in my Company, but would you be willing to cough up even more on the chance you can get your $ back"?
Hope B Riley has a lot of $ ready for the back stop!